1.) It repeals the death penalty and replaces it with life imprisonment without the possibility of parole. This applies retroactively to existing death sentences, as well.

2.) It directs $100 million to law enforcement agencies for investigations of homicide and rape cases.

3.) The fiscal impact includes ongoing state and county criminal justice savings of about $130 million annually within a few years, which could vary by tens of millions of dollars. There are one-time state costs of about $100 million for local law enforcement grants.

4.) A YES vote means: No offenders could be sentenced to death under state law. Offenders who are currently under a sentence of death would be re-sentenced to life without the possibility of parole.

5.) A NO vote means: Certain offenders convicted of murder could continue to be sentenced to death. The status of offenders currently under a sentence of death would not change.

6.) And if "yes" wins ... the state would provide a total of $100 million in grants to local law enforcement agencies over the next four years.

7.) And if "no" wins ... the state would not be required to provide local law enforcement agencies with additional grant funding.

--Information from the 2012 California Secretary of State Voter Information Guide